Saudi’s SABIC eyes 50 pct stake in ONGC’s west In­dia petchem plant

Chemical Industry Digest - - News & Views -

Saudi’s

SABIC (Saudi Ba­sic In­dus­tries Corp) wants to buy about half of the $4.6-bil­lion In­dian petchem project backed by Oil and Nat­u­ral Gas Corp (ONGC).

ONGC is a ma­jor­ity share­holder in ONGC Petro Ad­di­tions Ltd (OPaL), which op­er­ates In­dia’s big­gest petro­chem­i­cal plant in western Gu­jarat state.

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